Lincoln, Nebraska, homeowners can lower home insurance costs by 27%
By: Hemanth Ramesh October, 18, 2019
Homeowners in Lincoln, Nebraska, pay an estimated homeowner's insurance premium of $750 per year, which is much lower than the national average of $1,228. This is due to factors such as lower crime rates, faster response time from the fire departments, and fewer occurrences of natural disasters in Lincoln. There are multiple ways Lincoln homeowners can lower their home insurance rates.
The first step is ensuring the property is built using fire-resistant material. Lincoln homeowners with brick veneer constructions get a 5% discount on their homeowner's insurance, and those living in masonry constructions get a discount of up to 14%. Besides, Lincoln homeowners with homes made of superior fire-resistant construction material are entitled to a discount of up to 27%.
Homeowners who have never filed an insurance claim are considered safe bets by insurance firms and are generally offered competitive discounts. Moreover, Lincoln homeowners who have never filed a claim can get a discount of up to $78. On the other hand, homeowners who have filed a claim before might have to pay an additional amount of $49 on their insurance. Those who have filed 2 claims may have to pay a surcharge of $98 on their homeowner's insurance.
Seniors citizens in Lincoln are entitled to a discount of about $98 on their homeowner's insurance rates.
Lincoln homeowners can also lower their homeowner's insurance rates by ensuring better safety features in their homes. Installing deadbolt locks can earn a discount of up to $49, and equipping the property with fire extinguishers can lower insurance rates by $137.
Functioning smoke detectors can fetch a discount of up to $146, whereas sprinkler systems earn an additional discount of $59. A discount of up to $87 and $117, respectively, can be availed for homes with fire and burglar alarms. A lightning protection system can also benefit Lincoln homeowners by a nominal discount of $39.
Bundling multiple insurance policies under one company is another option to lower your insurance premiums. Lincoln homeowners who bundle their home and auto insurance policies can get a discount of up to 12%. Those bundling their homeowner's insurance policy with a life insurance policy can avail a discount of 13%. Bundling all three insurance policies—homeowners, auto, and life—can help homeowners get a discount of up to 23%.
ABOUT THE AUTHOR
Hemanth Ramesh
Hemanth Ramesh works as a writer for Gavop. He has previously written content for film promotions, start-ups, advertising agencies and event management firms. Hemanth Ramesh completed his MA in Journalism and Mass Communication from The English and Foreign Languages University. His other passion includes script writing.
